Tag - SFSTax

1099? – February 15 2018

Hello Taxpayers! Over the past week or so, several new clients have come in. Each handed me ONE 1099-MISC. This form showed an amount in Box 7 (“Non-employee Compensation”), which indicates that they were treated as independent contractors and not employees. So before I went through my litany of questions such as what type of expenses they had, I confirmed with them that they only worked for this one company as they gave me just ONE 1099. It is apparent [...]

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“GOAT”- Best EA- February 5, 2019

Hello Fellow Taxpayers, Well, the GOAT has done it again. Though it was not the best played Super Bowl of all time, the best quarterback and maybe the best head coach of all time, won their 6th championship, more than anyone else. Also, they are both, the oldest to have done so. The point, my friends is that there is hope for us to succeed, no matter how old we are. We can always do better at our jobs, our relationships [...]

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Patriots & Ram’s, Oh My!- January 25, 2019

Howdy folks, Ali is home-bound and recovering. She saw her doctor on Tuesday for a post-op, and all is going according to plan. Man-Servant Jeff is doing what he can to make her a little more comfortable, but stubborn Ali still has to do things on her own and not rest (except after taking a pain pill, then nighty-night). The Super Bowl participants are set. The Patriots won in OT over the Chiefs. I hate to say it but, The GOAT, [...]

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The medical deduction man- January 18, 2019

Hello Fellow Taxpayers, I want to thank all of those who expressed well wishes when Ali went for shoulder replacement surgery on Monday (posted on my personal Facebook page). All went well and the procedure took less than an hour; however, I did not get to see her for almost four hours. I took her home on Tuesday, and she is recovering. Lots of pain means lots of drugs and lots of ice which helps, but it will be a [...]

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Family- November 8, 2018

Hello my friends, The elections are finally over which means the annoying ads and bad mouthing will stop. Well, maybe. Of course, there will still be the President’s tweets, and soon enough we will begin hearing the ads for the 2020 elections, so say the news pundits. I really wish there was a law preventing negative political ads. I was taught that if you have nothing nice to say, don’t say anything at all. However, it all comes down to the [...]

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Education- October 26, 2018

Hello my friends, The dictionary defines education (noun) as: “Education is the process of acquiring the body of knowledge and skills that people are expected to have in your society. A good education develops a critical thought process in addition to learning accepted facts.” It can also be defined as “Education is measured by the growth of a student into a true human being and a perfect man, not measured merely by the marks scored. The word Education is derived from the Latin [...]

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“Cyber-Safe” October 12, 2018

Hello, fellow computer users, I was recently on a refresher webinar about cybersecurity regarding what must be done to secure our computers and by extension our company. There are several points that I need to talk to you about, especially if you own a business: There is a federal law that can hold all business liable of up to $100,000 per company and $10,000 per officer if the firm does not have various security measures in place or a cyber-security plan in [...]

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Go Yankees!- October 5, 2018

Hello, my fellow taxpayers, I am writing this email on Thursday night, while I watch the Yankees play the A’s. Right now, they are winning 2-0, thanks to an Aaron Judge home run. By the time you read this, we will know if your friendly neighborhood Enrolled Agent will be depressed or ready for the Red Sox on Friday night. In any case, it really is just a game and it does not have any effect on me personally. What I’m [...]

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Always Traveling….and Jeff’s big ask!

Hi Folks, As most of you know, after tax season and a few days of well-deserved R&R I traveled to DC for IRS meetings. I then left for San Antonia and Georgia to teach at two affiliates of the National Association of Enrolled Agents (NAEA)and then it was off to LA for business meetings. I’m traveling to Louisiana, Atlanta, San Antonio (again), Orlando, Washington State, and Mississippi and that gets me through July 6th. Ali and I have a cruise booked [...]

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HSA- May 3, 2018

Hi Folks, I am here in DC for the Internal Revenue Service Advisory Council (IRSAC) meetings. Even in my travels, I try to stay on top of all current events and most especially tax matters, that will affect my clients. If you have a Health Savings Account or HSA, either through work, your business or personally, this is important news. Before the new law, The Tax Cut and Jobs Act (TCJA), was passed in January, the 2018 contribution limit for a [...]

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